Now, I don't want anyone here to have a coronary nor an...

Now, I don't want anyone here to have a coronary nor an apoplectic fit but neither do I want to hide anything.

Remember that I mentioned a day or two ago that Dattels' company, Polo, had done a JV deal with Peabody over their Mongolian coal assets?

It would seem that Polo's directors have rewarded themselves rather handsomely for doing that deal. Looks to me like they have taken the opportunity of Polo's low share price to award themselves about 13% of that company, in shares & options.

See http://fool.uk-wire.com/cgi-bin/articles/200901301533365665M.html

Glad I'm not invested there, in the light of this.

I would request that someone going along to the general meeting asks Kalahari's representatives what corporate governance provisions there will be, if their resolutions succeed, to prevent this type of "snouts in the trough" activity.

WE NEED TO MAKE IT VERY CLEAR THAT EXTRACT SHAREHOLDERS WILL NOT PUT UP WITH THIS SORT OF BEHAVIOUR.

I hope that this will persuade anyone thats dithering over going along to the meeting to do so.

Sorry,

Mark

PS before I get tarred & feathered I would like to stress that Dattels is Canadian & not a Pom. :0)